Dow, Nasdaq pull back from multi-month highs

CBS.MarketWatch.com

NEW YORK (CBS.MW) -- The major market indexes pulled back to the starting line in midday trading Tuesday, after a technically-induced sell-off erased earlier fundamentally-inspired gains to multi-month highs. See full story.

Alcatel cuts loss, says sales set to rise

LONDON (CBS.MW) -- Alcatel on Tuesday cut its first-quarter loss, and the French telecom equipment maker said it plans to increase sales in the second quarter. See full story.

Ericsson to cut 7,000 jobs; loss rises

LONDON (CBS.MW) -- Ericsson on Tuesday said it would slash an additional 7,000 jobs, as its new chief executive, Carl-Henric Svanberg, pushes to return the Swedish wireless-equipment vendor to profitability. See full story.

Economic Report: Biggest jump for U.S. labor costs since 1990

WASHINGTON (CBS.MW) -- Driven by health-care expenses and financial-sector wage increases, the employment costs shouldered by U.S. business and government rose at the fastest clip in 13 years. See full story.

Apple aims for bite of the music business

SAN FRANCISCO (CBS.MW) -- Apple Computer on Monday took the wraps off a digital music effort that chief executive Steve Jobs thinks could make the company the leader in integrating digital technology and entertainment. See full story.

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